I apologize for missing my Monday and Tuesday trading blog posts. It was a late start to the trading week for me as my laptop unexpectedly died and had to be shipped to Samsung for repairs. Fortunately, I was able to purchase another one on Monday night and I'm back to business. Thank you for your patience and understanding, and let's dive back into the world of trading together.
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AUD/USD
Price printed Peak Formation High Monday into Tuesday.
Price worked its way down most of day Monday before bottoming out in NY to start retrace. This gave us our First Red Day.
In this scenario I pull Fibs across the full Day Range and wait for reactions. I watched anticipating a some volatility around the 10pm Data Release.
Price surged through the 61/71 area before pulling back inside leaving a wick.
I entered Short from 61 targeting - 27 & -61 fib levels. I woke up in London and TP manually.
AUD/JPY
Price printed Peak Formation High Monday into Tuesday.
Price worked its way down most of day Monday before bottoming out in NY to start retrace. This gave us our First Red Day.
In this scenario I pull Fibs across the full Day Range and wait for reactions.
I watched anticipating a some volatility around the 10pm Data Release.
Price surged through the 38 area before pulling back inside leaving a wick.
I entered Short from 23.6 targeting - 27 & -61 fib levels.
I woke up in London and TP manually at -27
NAS100
First Red Day on Monday after 3 levels of rise last week.
Fibs pulled across Mondays Range.
Price rejected 38.2 early in NY session on the 830 Data Release.
As price began falling towards target, I waited for the final data release after 10am.
I entered Short after the stop hunt back into the trend, targeting TP2 (-61)
US30
FRD on Tuesday.
Fibs pulled across day range.
Price gapped into 61 fib level on 10am Data Release.
Entered Short on engulfment at level targeting TP1 (-27) Price never moved much in my favor and I ended up closing early with .86%
USOIL
Entered short after Oil Stock Release at 1030. Price immediatley ran 50 pts in my favor. I moved stops slightly into profited and allowed play to run back to near B/E SL.
USD/CAD
Opposite scenario to USOIL. Entered Long after 10am Data Release. Secured 30 pips before closing early.
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